NATIONAL ANNUITIES.

Marlborough Express, Volume XXXIX, Issue 134, 9 June 1906, Page 1

NATIONAL ANNUITIES.

( Speaking at Adelaide last week Mr Seddon referred to his national annuities proposa]. Jii.s proposal was for tlip people to pay into a fund at the post office when "they got the chance weekly, monthly, at the end of one year, or five years—in fact, when they could— and for every £1 they contributed the Government would find a handsome subsidy. The single man would get so much subsidy. A married man would get a further subsidy— more than $ single man. (Laughter.) it was a means " J to promote matrimony. i (daughter.) Then a married man with three youngsters would get less than a married man with six chilren. In proportion to the number of children the greater the subsidy would be. (Cheers.) One part of his proposal, which was recently submitted, to a conference of friendly, spcietitjs, was that, in addition to the subsidy he had mentioned, they would give a special subsidy to members of friendly societies. (Cheers.) What brought down friendly societies1 finances was the large number of aged that came upqj\ their funds. Tinder his proposals they had subsidies to the extent of 90 per cent. ou,t of the public, funds to meet such oases,